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Company news · Oct 2026

Oswal to build a 1.2 GW TOPCon solar cell plant in Karnal

The board of Oswal Solar Energy, a wholly owned subsidiary of Oswal Pumps, has approved an in-house solar cell facility. Cells from the plant will feed Oswal’s own module lines, supplying around 75% of its cell needs.

1.2 GWCell capacity
TOPConCell technology
₹456 CrPlanned investment
Apr 2028Target production
“Bringing cell manufacturing in-house completes that value chain.”Vivek Gupta, Chairman & Managing Director, Oswal Pumps, to Energética India
Expert viewEnergética India: Amulya Gupta on PM Surya Ghar

What PM Surya Ghar Reveals About India’s Readiness for Distributed Power

Amulya Gupta, Director, Oswal Pumps, on what rooftop solar adoption shows about grids, installation quality and subsidy delivery.

AGAmulya GuptaDirector, Oswal Pumps · Energética India, 15 Sept 2026
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Media coverage

Latest headlines.

ProjectsMonitor: Oswal plans ₹456 crore 1.2 GW TOPCon solar cell plantProjectsMonitorOswal Pumps to set up 1.2 GW TOPCon solar cell manufacturing facility with Rs 456 crore investment

Covers the ₹456 crore plan for an in-house TOPCon cell plant to feed Oswal’s module lines.

pv magazine: Oswal to set up 1.2 GW TOPCon solar cell factorypv magazine InternationalOswal Pumps to set up 1.2 GW TOPCon solar cell factory in India

International coverage of the planned Karnal cell factory, targeting output by April 2028.

Energética India: Oswal solar cell facility by April 2028Energética IndiaOswal Pumps to Set Up 1.2 GW Solar Cell Facility by April 2028

Oswal Solar Energy’s board approves a 1.2 GW TOPCon cell plant to supply about 75% of its own cell needs.

Saur Energy: Oswal board approves 1.2 GW cell plant in KarnalSaur Energy InternationalOswal Pumps Board Approves 1.2 GW TOPCon-Based Solar Cell Plant In Karnal

Reports board approval for the Karnal cell plant, with production targeted for 2028.

Energética India: Amulya Gupta on PM Surya Ghar and distributed powerEnergética IndiaWhat PM Surya Ghar Reveals About India’s Readiness for Distributed Power

Amulya Gupta, Director, Oswal Pumps, on what rooftop solar adoption shows about grids, installation quality and subsidy delivery.

Free Press Journal: Oswal ₹235.92 crore PM-KUSUM order for 10,000 solar pumpsThe Free Press JournalOswal Pumps Bags ₹235.92 Crore Solar Order, Wins Additional 10,000 Pump Contract From Maharashtra Under PM Kusum Scheme

A ₹235.92 crore MSEDCL order to supply and install 10,000 solar water pumps for farmers under PM-KUSUM.

Free Press Journal: Oswal ₹162 crore PM-KUSUM solar pump orderThe Free Press JournalOswal Pumps Wins ₹162 Crore Maharashtra Solar Pump Order Under PM Kusum Scheme

A ₹162 crore MSEDCL contract for around 6,900 off-grid solar water pumps.

Shivam Gupta recognised among Top 50 clean energy leaders 2025Smart Energy · Oswal Solar newsMr. Shivam Gupta Recognized Among the Top 50 Achievers & Business Leaders in Clean Energy 2025

Recognition for leadership in India’s clean-energy sector.

The cell plant announcement was also covered by The Machine Maker,alcircle,MVA Pulse.

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